Japan’s ruling coalition is likely to lose its majority in the upper house, exit polls showed after Sunday’s election, potentially heralding political turmoil as a tariff deadline with the United States looms.

Japanese Prime Minister Shigeru Ishiba’s job, and vital trade talks with the U.S., are at stake in national elections that take place this Sunday.

Japan's ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power even as he vowed to remain party leader, citing a looming tariff deadline with the United States.

It has become certain that Japanese Prime Minister Shigeru Ishiba's Liberal Democratic Party (LDP) and its coalition partner, Komeito, will fall short of winning the 63 seats needed for a majority of the contested seats in the Upper House election,

Japan's Prime Minister Shigeru Ishiba faces a critical challenge in the upper house election. A loss would deepen political instability amidst high prices and US tariff pressures. The ruling coalition's performance is crucial for Ishiba's future and Japan's policy direction,

Investors were also hoping for some progress in trade talks ahead of President Donald Trump's August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal could be reached with the European Union.

Japanese Prime Minister Shigeru Ishiba vowed to stay in his post after his ruling bloc was projected to lose its majority in the country’s upper house of parliament.

Japan's ruling coalition faces potential defeat in an upper house vote, threatening economic stability and complicating U.S. trade talks. Prime Minister Ishiba may need to broaden his coalition amidst rising inflation and voter discontent.

Japan's Upper House election on July 20 may transform cryptocurrency tax policies, impacting Bitcoin market dynamics and investment growth.